Key Points
- Rogerio Mendonca sold 3,500 Wabtec shares on Feb. 20 at an average of $264.21 (proceeds $924,735), reducing his direct stake by 25.73% to 10,101 shares valued at about $2.67M.
- Wabtec beat quarterly estimates with EPS of $2.10 and revenue of $2.97B, set FY2026 guidance of 10.05–10.45 EPS, raised the quarterly dividend to $0.31, and authorized a $1.2B share buyback.
- Institutional investors are adding exposure—Norges Bank established a ~ $409M position and several large managers increased holdings—leaving roughly 91.7% of the stock held by institutions and a market cap near $44.8B.
Wabtec (NYSE:WAB - Get Free Report) insider Rogerio Mendonca sold 3,500 shares of the firm's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $264.21, for a total value of $924,735.00. Following the sale, the insider directly owned 10,101 shares of the company's stock, valued at $2,668,785.21. This represents a 25.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Rogerio Mendonca also recently made the following trade(s):
- On Thursday, December 4th, Rogerio Mendonca sold 2,019 shares of Wabtec stock. The stock was sold at an average price of $214.51, for a total value of $433,095.69.
Wabtec Price Performance
Shares of WAB stock opened at $262.77 on Tuesday. Wabtec has a 52 week low of $151.81 and a 52 week high of $265.88. The stock has a market capitalization of $44.81 billion, a PE ratio of 38.47, a PEG ratio of 2.00 and a beta of 1.01. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 1.11. The stock's fifty day moving average is $231.97 and its 200-day moving average is $210.47.
Wabtec (NYSE:WAB - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.02. Wabtec had a net margin of 10.48% and a return on equity of 14.12%. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the prior year, the company earned $1.68 EPS. The firm's quarterly revenue was up 14.8% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.050-10.450 EPS. Equities research analysts expect that Wabtec will post 8.54 EPS for the current fiscal year.
Wabtec Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.5%. This is an increase from Wabtec's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, February 17th. Wabtec's payout ratio is currently 18.16%.
Wabtec announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 11th that authorizes the company to repurchase $1.20 billion in shares. This repurchase authorization authorizes the transportation company to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.
Institutional Trading of Wabtec
Hedge funds have recently modified their holdings of the company. Norges Bank bought a new position in Wabtec during the 4th quarter worth approximately $409,039,000. Price T Rowe Associates Inc. MD raised its holdings in Wabtec by 20.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,965,503 shares of the transportation company's stock worth $1,700,238,000 after purchasing an additional 1,344,744 shares during the period. Nordea Investment Management AB boosted its position in shares of Wabtec by 55.5% during the fourth quarter. Nordea Investment Management AB now owns 3,069,340 shares of the transportation company's stock worth $659,939,000 after purchasing an additional 1,095,083 shares in the last quarter. Farallon Capital Management LLC boosted its position in shares of Wabtec by 68.6% during the third quarter. Farallon Capital Management LLC now owns 2,205,098 shares of the transportation company's stock worth $442,056,000 after purchasing an additional 896,900 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Wabtec by 360.0% in the 4th quarter. Bank of Montreal Can now owns 885,197 shares of the transportation company's stock valued at $188,945,000 after buying an additional 692,773 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have commented on WAB shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Wabtec in a research report on Wednesday, January 21st. Susquehanna set a $300.00 price target on Wabtec in a research note on Thursday, February 12th. Bank of America lifted their price objective on Wabtec from $228.00 to $233.00 and gave the stock a "buy" rating in a research report on Thursday, November 13th. Wells Fargo & Company boosted their price objective on Wabtec from $224.00 to $270.00 and gave the stock an "equal weight" rating in a report on Friday, February 13th. Finally, Stephens upped their target price on shares of Wabtec from $230.00 to $290.00 and gave the company an "overweight" rating in a research report on Thursday, February 12th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $269.00.
Read Our Latest Report on WAB
About Wabtec
(
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Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec's business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.
Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.
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